AUDCAD:
Updated
The long-term channel remains bullish, although we're distant from the lower band. However, the mid-term bullish trend has been broken, and a short-term bearish channel is evident.
We're currently near a pivot and a reversal point, making this a potential first entry point around 0.9038. Another significant zone to watch is around the cluster of daily resistances, reversal point, and the bearish channel, approximately at 0.9055.
We're currently near a pivot and a reversal point, making this a potential first entry point around 0.9038. Another significant zone to watch is around the cluster of daily resistances, reversal point, and the bearish channel, approximately at 0.9055.
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